Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.041%

Price spread now: Polymarket Perps against Aster+0.013%56s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.245% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.013%, 7d avg −0.043%

Together, before fees+0.151%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Polymarket Perps is 0.056% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.828	−0.0250	get 0.0125% / 4h	1h 29m	$23.9M	$68.5M	20x
Short	Polymarket Perps WTIOIL-USD	92.840	0.0050	get 0.0006% / 1h	29m 32s	$1.6M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: $62.97
Price spread: +0.013% → −0.043%: $5.6
Slippage, 4 orders: −$8.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $44.03
Costs to cover: 0.245%
Break-even: 2.1 days

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 5 min ago	0.54 bp	6.4 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.26 bp	6.5 bp −$6	7.2 bp −$72	10.3 bp −$1,034	doesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0719%	1h	92.770	−0.063%	$198K	$369K	15x	as long as short
Aster CLUSD1long	−0.0250%	4h	92.828	long leg	$23.9M	$68.5M	20x
GRVT CL_USDT_Perp	−0.0234%	4h	92.800	−0.030%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.836	+0.009%	$244.8M	$954.8M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.796	−0.035%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0168%	1h	92.780	−0.052%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0152%	1h	92.878	+0.054%	$961K	$664K	10x	as long as short
Gate CL_USDT	−0.0089%	8h	92.770	−0.063%	$20.9M	$52.5M	100x	as long as short
edgeX CLUSDC	−0.0071%	4h	92.795	−0.036%	$528K	$303K	30x	as long as short
tradeXYZ xyz:CL	−0.0066%	1h	92.829	+0.001%	$184.5M	$218.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0050%	4h	92.800	−0.030%	$42.8M	$101.9M	50x	as long as short
Aftermath Perps WTIUSD	−0.0042%	1h	92.818	−0.011%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.084%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.810	−0.019%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0016%	1h	92.870	+0.045%	$2.1M	$22.7M	10x	as long as short
Lighter WTI	0.0000%	1h	92.829	+0.001%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.862	+0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.850	+0.024%	$26.5M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.816	−0.013%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−0.041%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.833	+0.006%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.387	−0.475%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.814	−0.015%	$16K	$367	5x	as long as short
KuCoin CLUSDTM	+0.0038%	4h	92.838	+0.011%	$7.3M	$2.3M	50x	as long as short
StandX CL-USD	+0.0040%	1h	92.440	−0.418%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.850	+0.024%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	92.840	+0.013%	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	92.818	−0.011%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.949	+0.130%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.820	−0.009%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	+0.034%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.785	−0.046%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.842	+0.015%	$273K	$873K	25x	as long as short
BloFin CL-USDT	+0.0194%	4h	92.820	−0.009%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.825	−0.003%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.831%	$19K	$11K	30x	as long as short